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Spot gold rose 0.3% to $4,352.39/oz by 11:17 a.m. EDT and is on track for its first weekly gain in four as easing oil prices reduce prolonged inflation concerns, though a stronger dollar limited gains.
Gold edged up to a one-week high of $4,350 on Friday, posting its first weekly gain in four weeks, as falling oil prices eased concerns over prolonged inflationary pressures. Gains were capped, however, by a stronger dollar, which remained supported after the US Federal Reserve raised rates by 25 bps on Wednesday and s
Spot gold climbed to a one-week high and was on track for a first weekly gain in four, helped by lower oil prices; a stronger dollar capped upside.
U.S. stocks rose at midday Friday in a broad-based rally, with the Dow up around 0.5% and the S&P 500 gaining 0.4%, as a roughly 4% slide in oil prices cooled the inflation and rate-hike anxieties that had gripped markets all week. The Wall Street Journal reported that Bahrain and Kuwait warplanes had struck sites insi
() -- (Updates prices in the second and final paragraphs.) Gold rose off an eight-month low on Tuesday as the U.S. dollar and yields weakened after the consumer prices eased in the world's biggest economy in June, easing concerns rising prices would force higher interest rates. Gold for August delivery was last seen up
() -- Gold rose off an eight-month low early on Tuesday as the U.S. dollar and yields weakened after the consumer prices eased in the world's biggest economy in June, easing concerns rising prices would force higher interest rates. Gold for August delivery was last seen up $79.30, or almost 2%, to $4,085 per ounce, aft